Yesterday we saw a sharp decline in the index that was totally recovered by the end of the session. What can we see now based on that?
On the Daily chart, we can observe that we are against a major Trendline on the daily chart, and the price reacted there. However, let's take a better look at the 4HS chart.
Here we can see that the price is making a...
Hello Trading Family, I found US500 chart interesting.
We can see that US500 is currently trading inside these two brown trendlines forming a rising broadening wedge.
Here are the two strong zones where I will be looking for high probability setups:
I call them War Zones, (highlighted in Orange circles)
Zone 1: Lower Orange Circle
This highlighted orange...
My past predictions have come true.
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The price returned to the growing channel in November.
breaking through support 3457.3.
After that, long-term growth began.
The price came to the upper channel line (porosity) only a week ago.
I touched it in the area of 3940.4 and began to fall.
I expect the price to drop to support.
The target is...
Hurray, wolves🔥
Here we have a new formation with breakout support zone.
There could be 2 possible scenarios.
First, the price may continue to fall without any corrections.
Second, the may enter into the deep correction and retest the level.
So follow the chart and look for the entering point carefully.
If you enjoy my FREE Technical Analysis , support the...
This entry is a long-term analysis of SP500 since it is a safe value index that we can constantly see how it increases annually.
Its clear that by operating this pair we will not see how in a few months we double the capital of the account, but I would like to record the method I use to operate on the stock market.
Now I am going to explain why I entered in two...
SPX Trading in a symmetrical triangle, Symmetrical triangles tend to appear usually when a reversal is happening, for their bilateral nature to induce confusion among traders. However, this triangle is identical to the one before reaching all time high.The angles of the triangle are measuring the same as well. When the first triangle broke to the upside, we...
The current pattern forming here is a recurring pattern of the s&p 500. It likes to drop to gather momentum before surging north. Now I expect it to drop lower to break the previous low to form a higher degree corrective pattern before the bull run. Do you expect the red or the blue pattern to play out, comment your opinions below and don't forget to click...
S & P has serious downside potential, we are currently coming down from a strong upper trend resistance and got thiss beautiful set-up for a shs-pattern, it will be beautiful to watch it develop and breaking the neckline, we will look to attack the downside until NY session of 2nd march (according to fibo time), stochastic is waitig to break down.
I already gave...
Hello traders and investors,
Welcome to technical analysis of S&P 500.
if you like this analysis please like and comment below, it will support creating more analysis for you.
SP 500 is moving in rising channel and if you want to jump into this ,
this is very good opportunity as we see here is possible head and shoulder pattern .
but is still incomplete …
right...
It might be obvious by now that SPX is ready for the melt up and a serious retracement after all divergences appeared since last year.
Let's hope it's not a trap! We are used to that by now from S&P500 :) lol
I hope this break down of chart patterns help you out. Good luck with trading.
